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House prices may fall 45 per cent – Durlacher

Market analyst Durlacher predicts that UK house prices will fall by 30 per cent from their peak, and says the fall could be as much as 45 per cent.

It says a tightening of lending criteria from lenders, combined with a decline in yield from buy to let, a predicted rise in interest rates and the approaching mortgage regulation will turn the market.

Durlacher says its pessimism is based on international and historic experience, and points out that the UK housing market has never experienced a soft landing.

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